Baidu third-quarter profit more than doubles

(Reuters) - China's Baidu Inc reported a quarterly profit on Thursday that more than doubled, compared to a year earlier, helped by the search engine giant's spending control on traffic acquisition costs.

Net income attributable to Baidu rose to 7.95 billion yuan ($1.20 billion) in the third quarter ended Sept. 30 from 3.10 billion yuan, a year earlier.